First Digital Group to Merge With SPAC Valued at $250M
First Digital Group, the company behind the FDUSD stablecoin, has agreed to merge with a Nasdaq-listed SPAC in a deal that values the Hong Kong-based digital asset infrastructure provider at $250 million on a pre-money equity basis.
First Digital Group, the company behind the FDUSD stablecoin, agreed to merge with a Nasdaq-listed blank-check company in a deal that values it at $250 million on a pre-money equity basis. The Hong Kong-based stablecoin and digital asset infrastructure provider said it will combine with CSLM.